Annual Report and Financial Statements 2011

ANNUAL REPORT AND FINANCIAL STATEMENTS 2011 | 121

40. Related party transactions continued The Group has a shared services agreement with F&C Partners LLP whereby the F&C Group provides certain administrative and professional services to F&C Partners LLP.

Total

invoiced Outstanding at and accrued 31 December during 2011* £m

2011 £m

Employee services Administration service fees

These amounts are eliminated on consolidation. * Until 7 October 2011.

(iv) Transactions with Thames River Capital related party entities Two of the directors of Thames River Capital UK Limited are also members of Nevsky Capital LLP, an entity to which Thames River Capital UK Limited provides support and infrastructure services.

Thames River Capital UK Limited recharges Nevsky Capital LLP at cost for these services. Total

invoiced Outstanding at and accrued 31 December during 2011 £m

2011 £m

Support and infrastructure services: Nevsky Capital LLP

*Period from 1 September 2010 – 31 December 2010.

(v) Post-employment benefit plans The Group operates and participates in several post-employment benefit plans as detailed in note 25.

The Group contributed amounts to the defined benefit plans and had amounts outstanding at 31 December each year as follows: Employer Outstanding at

contributions 2011 £m

F&C Asset Management Pension Plan F&C Portugal(1) F&C Netherlands F&C Ireland

(1) Incorporated within the Fundo de Pensoes do Grupo Banco Comercial Português scheme.

In addition to the above, the Group has an unfunded obligation to provide a former Chairman, Mr R W Jenkins, with a pension as detailed in note 25.

The Group manages certain of the assets of the F&C Asset Management Pension Plan. The assets of the Plan managed by the Group totalled £189.8m at 31 December 2011 (31 December 2010: £176.1m).

The Group received the following investment management fees from this scheme:

receivable 2011 £m

F&C Asset Management Pension Plan

Fees Outstanding at 31 December 2011 £m

0.1 –

receivable 2010 £m

0.1

Fees Outstanding at 31 December 2010 £m

–

5.3 0.4 0.6 0.2

6.5

31 December 2011 £m

– – – –

–

contributions 2010 £m

8.1 0.3 0.4 0.2

9.0

Employer Outstanding at 31 December 2010 £m

– – – –

– 3.0 0.6 Total

and accrued during 2010* £m

0.6

invoiced Outstanding at 31 December 2010 £m

0.7

0.3 0.1

n/a n/a

Total

and accrued during 2010 £m

0.8 0.1

invoiced Outstanding at 31 December 2010 £m

0.4 –

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